Questions that use this term
Process·Risk
A project manager wants to determine the range within which the actual project cost is likely to fall, considering uncertainty in several cost estimates.
Which technique is MOST appropriate?
A quantitative risk analysis technique that models the combined effects of uncertainties to determine possible outcomes.
Original SimCert study summary; not an official PMI® glossary definition.
A project manager wants to determine the range within which the actual project cost is likely to fall, considering uncertainty in several cost estimates.
Which technique is MOST appropriate?